Why are corporations holding so much cash?

Juan Sanchez and Emircan Yurdagul

The Regional Economist, 2013, issue Jan

Abstract: U.S. corporations are holding record-high amounts of cash. One reason has to do with taxes?both the uncertainty about future taxes and the reality of today?s tax rules. The second reason has to do with the rise of research and development; because of its uncertain nature, this sort of work requires access to high levels of cash.

Keywords: Corporations - Taxation; Research and development; Cash flow (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (26)

Downloads: (external link)
https://www.stlouisfed.org/~/media/Files/PDFs/publ ... f/re/2013/a/cash.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlre:y:2013:i:jan

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in The Regional Economist from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().